IntroductionUnemployment is a huge challenge facing South Africa. There are many people who are looking for jobs but cannot find them mostly because of the slow economic growth rate in the country. South Africa faces structural unemployment where people loose their jobs due to introduction of new technology or relocation of the company, these economic disruptions have resulted in high crime rates, low production and income as well as lost human capital. The NDP has been put in place to solve the problem of unemployment, and if supported well there can be job creation because they promise on expanding work programme, reduce costs of doing business and support entrepreneurship. Body

South Africa faces the greatest challenge of a very high unemployment rate, which is highly influenced by the slow growth of the country hence resulting in slow employment growth as well (Parkin et al, 2010:449). Unemployment has been defined in two forms: a narrow definition and a broad definition. The narrow definition of unemployment is the official definition of unemployment and it states that an unemployed person is a person who is willing to work and is making an effort to find a job, Parkin et al, states that “To be counted as unemployed, a person must be available to work…must want to work and have made specific efforts to find a job or taken steps to start a business” (Parkin et al, 2010:495), but the broad definition of unemployment also includes the discouraged workers because they are people who are willing to work but have not been making an effort to find a job in the previous month mostly because they cannot find the jobs (Parkin et al, 2010:495). The business cycle of a country also influences the employment and unemployment rates, for example during a recession period there are high unemployment rate and during expansion there are lower unemployment rates (Lipsey et al, 1999:726). Unemployment is classified into three types; i) Frictional, ii) Structural, iii)...

...Changchun, P. R. China
E-mail: masma31qrson@yahoo.com
Yibing Ding
Professor of International Economics, School of Economics, Jilin University
2699, Qian Jin Da Jie, Changchun, P. R. China
E-mail: dingyb@jlu.edu.cn
Abstract
It is difficult to find an economy in the world that was not affected by the (2008-09) global financial crisis, even indirectly. No region has been able to shield itself from the impacts of the crisis, and Arab region is no...

...UNEMPLOYMENT:
Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force.
http://www.investopedia.com/terms/u/unemployment.asp#ixzz2NJ3XTGJR...

...Coming to the issue of the impact of the new economic policy on the vulnerable sections, Rangarajan argues, "analytically, we need to address two sets of issues.
One is whether the new economic policy affects in any way the specific policy measures that we normally undertake in order to improve the conditions of the poor. Second, is there anything in the new economic policy which per se has an anti- poor bias? The new...

...starts with the introduction of unemployment followed by the explanations of various types of unemployment. The report also contains the objective for doing the project and motivation behind doing research on this particular topic. The major portion of the report contains the data and its analysis which is done with the help of bar graphs .It also contains the reasons for increased unemployment and the consequences that Pakistan is facing due to...

...Economic Effects -- Positive
Tourism creates jobs, both through direct employment within the tourism industry and indirectly in sectors such as retail and transportation. When these people spend their wages on goods and services, it leads to what is known as the "multiplier effect," creating more jobs. The tourism industry also provides opportunities for small-scale business enterprises, which is especially important in rural communities, and generates extra tax revenues, such...